Friday, 18 January 2013

Oil Prices continue its upward momentum as predicted

Dear Friends,

In December, we mentioned that oil prices should continue its upward trend and break $90 when I was interviewed in FM958.

In January, we again issued an article to maintain our bullish view.

http://www.danielloh.com/2013/01/the-last-sector-energy-has-turned.html

Now, light crude oil price has reached $96, yesterday's high price.


Although temporary it might retrace a bit due to overbought signal, we continue to believe that crude oil might reach $100 in the mid term as demand of crude oil increases in this season

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